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There's been tons of great material released years after his death. Hendrix played/jammed a lot. He also had the tendency to want to record everything every time he picked up his guitar.
Things are released in bits, because unreleased material sitting in a vault is as good as money in the bank. Releasing rarities a track or two at a time is a good way to get people to continuously spend money. If everything was released at once, there wouldn't be much to buy tomorrow sans t-shirts/etc. We've learned this lesson via Nirvana (a band everything, according to Krist, has been released by). Still though, it took YEARS. I personally believe there will be more Nirvana (well, Kurt...) stuff released in the future.
Now, I don't believe most of this "vaulted material" is of pristine quality. That much is obvious. But, this doesn't mean it isn't good.
The "blues" record that came out a few years ago was excellent. There were a few unreleased tracks on that one.
The Martin Scorsese blues disc for Hendrix had a few treats as well. The acoustic version of Midnight Lightning was insane.
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